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News & Press: Industry

Walmart’s e-Commerce Sales Could Continue to Rise

Friday, December 8, 2017   (0 Comments)
Posted by: Alyce Ryan
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Walmart’s (WMT) e-commerce business forms a small part of its total revenue. However, it’s the key catalyst that’s expected to drive the company’s sales higher in coming quarters. Walmart’s digital sales grew 50% during the last reported quarter. Its sales rose 63% and 50% in fiscal 1Q18 and 2Q18, respectively.

Walmart’s management expects its e-commerce sales to grow at a brisk pace in coming years due to its customer-friendly initiatives and innovative offerings. Walmart expects its digital sales to come in at $11.5 billion in fiscal 2018. Its digital sales are estimated to rise 40% in fiscal 2019.

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